Situated in a popular residential area of Cleethorpes, this three-bedroom semi-detached home offers excellent potential for both investors and owner-occupiers. Thornton Crescent is well placed for local amenities, including schools, shops, bus routes, and is only a short distance from the seafront and St. Peter’s Avenue. The accommodation comprises entrance hall, spacious living room, dining room, and a kitchen with functional units, together with three bedrooms and a bathroom at first floor level. The property benefits from double glazing in a mixture of UPVC and aluminium frames, and has a gas central heating system installed. Externally, there is a generous driveway providing ample off-road parking and a good-sized rear garden. The property has been rented for a number of years and is currently let at £600 per calendar month, with the tenant wishing to remain in occupation. Following a programme of general modernisation and upgrading, there is clear potential to enhance both the rental return and capital value. At its current rent the property produces an attractive income, with further scope to improve yield once works are undertaken. Priced to reflect the modernisation required, this is an excellent opportunity to acquire a well-located home with strong investment prospects.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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